What's in a Default? Lending to LDCs in the Face of Default Risk
This paper develops an expected profit maximizing framework for characterizing the default risk associated with international lending during the early and mid-1980's. We identify the risk of default as associated with arrears in payments rather than rescheduling of principal or interest.
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|Date of creation:||1996|
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- repec:ags:ucdavw:225633 is not listed on IDEAS
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